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Jul 13, 2011
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over ten years, the war on terrorism, iraq and afghanistan together have cost about $1,500,000,000,000. this next year, we're projecting a little over $100 billion to be spent. so i just would say so the amount of the deficit this one year will equal the cost of the afghan and iraq wars over ten years. the deficit this year is is $1,500,000,000,000. the cost of the war this year is about $150 billion. so it's about 10% of the deficit we're running this year. so although it's real and we hope to bring those numbers down and are already projecting next year those numbers to come down closer to $100 billion from from $150 billion, still the cause of our deficit is not the war. it represents about 10% of the total deficit we are running this year. it's just -- that's just the fact. that's what the numbers show. madam president, one of the few things mandated for congress to do every year is to pass a budget. according to the congressional budget act contained in the united states code, signed into law in 1974, the senate budget committee must produce a budget resolution by april 1, adopt a
over ten years, the war on terrorism, iraq and afghanistan together have cost about $1,500,000,000,000. this next year, we're projecting a little over $100 billion to be spent. so i just would say so the amount of the deficit this one year will equal the cost of the afghan and iraq wars over ten years. the deficit this year is is $1,500,000,000,000. the cost of the war this year is about $150 billion. so it's about 10% of the deficit we're running this year. so although it's real and we hope to...
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Jul 14, 2011
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reduce government spending at all levels, including the military, as we bring our troops home from afghanistan. and, yes, it needs to look at the money that we spend through our tax code -- and we've talked about this over and over again. we need to have a balanced approach, a credible approach to manage our debt. and that should be our first option. but under no circumstances should we allow america to default on its obligations, causing harm to every american family. i urge-colleagues to put the national -- i urge my colleagues to put the national interests first, to take off the table the default on our debt, take that off the table, let's put the national interest first, work together to bring about a credible plan to manage our national debt. and with that, mr. president, i would yield the floor and suggest the an -- before i do that, i would suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call:
reduce government spending at all levels, including the military, as we bring our troops home from afghanistan. and, yes, it needs to look at the money that we spend through our tax code -- and we've talked about this over and over again. we need to have a balanced approach, a credible approach to manage our debt. and that should be our first option. but under no circumstances should we allow america to default on its obligations, causing harm to every american family. i urge-colleagues to put...
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Jul 21, 2011
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paychecks for soldiers, in afghanistan and iraq and at bases around the world conceivably wouldn't go out. f.a.a. towers could shut down. border crossings could close. operations at the f.b.i. and the c.i.a. would be put at risk. safety inspections of the food that we eat and the cargo that enters our ports could halt. and the resulting spike in interest rates would ironically make our debt even harder to tackle because each 1% rise in interest rates alone would result in $130 billion in increased interest payments on our national debt each year. perhaps, most importantly, hard-working american families would also feel the crunch. a spike in interest rates would effectively force a tax on all americans and american businesses due to increased consumer costs. just as important, failure to raise the debt limit would lock up credit markets because the u.s. would no longer be seen as a reliable credit risk. coincidentally, mr. president, yesterday an important consumer protection law which senator lugar and i introduced and passed and you helped us with on the floor here last year went in
paychecks for soldiers, in afghanistan and iraq and at bases around the world conceivably wouldn't go out. f.a.a. towers could shut down. border crossings could close. operations at the f.b.i. and the c.i.a. would be put at risk. safety inspections of the food that we eat and the cargo that enters our ports could halt. and the resulting spike in interest rates would ironically make our debt even harder to tackle because each 1% rise in interest rates alone would result in $130 billion in...
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Jul 6, 2011
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right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse. we're talking about the possibility of people without incomes, people unable to sustain their basic needs. in addition to destroying the safety net for ordinary americans, a default crisis would likely threaten america's position as the economic giant of the world, as we see the possibility of widespread panic on wall street and the damage to the credit markets that could lead to the loss of millions of jobs across the country. the question has to be answered, mr. president: why are the republicans willing to walk on this economic tightrope to win favor among wealthy contributors? it's be
right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse....
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Jul 6, 2011
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-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the government takes in, is at its lowest level since 1950. we've had a 60% reduction in revenue and a 60% increase in expenditures. and right now, we're at the lowest level of revenue taken in that we've been at since the 1950's. and there are only about 14% of the total g.d.p. the fact is that the last five times we balanced the budget, those revenues were about19% or 20% of g.d.p. so here we are at 14%. we've balanced the budget five times previously. and the revenues were at about 19.5% to 20% of g.d.p. doesn't that tell us
-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the...
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Jul 28, 2011
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an example, the war in afghanistan. some of the most conservative senators on the other side of the aisle not only want us to wage this war but to stay there and keep spending money. know what it costs? it costs $10 billion a month for us to protect our troops in afghanistan. for every dollar that we spend, every dollar that we spend, whether it's on the war, on food stamps, on missiles, on highways, for every dollar we spend we borrow 40 cents. we shouldn't be borrowing all this money, but we do because congress says there are certain things we've got to do as a nation. many of the same senators who have said to the president of the united states don't withdraw the troops from afghanistan, keep them there even longer, are now coming to the floor and saying to the president but we're not going to join in asking for the authority that you need to provide that money for those troops. now the senator from pennsylvania has come here the second day and given his take on what would happen if congress fails to extend the debt
an example, the war in afghanistan. some of the most conservative senators on the other side of the aisle not only want us to wage this war but to stay there and keep spending money. know what it costs? it costs $10 billion a month for us to protect our troops in afghanistan. for every dollar that we spend, every dollar that we spend, whether it's on the war, on food stamps, on missiles, on highways, for every dollar we spend we borrow 40 cents. we shouldn't be borrowing all this money, but we...
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Jul 25, 2011
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and they swept across afghanistan controlling 90% of afghanistan. this fighting eruption -- taliban, al-qaeda -- saw four million refugees into pakistan. the introduction of a gun, kalashnikov, and drug culture. finally in 9/11, the terrible, disastrous terrorist attack on the world trade center and the u.s. military offense e in afghanistan -- offensive in afghanistan, all al-qaeda and taliban ran into the mountains and be cities of pakistan. therefore, ladies and gentlemen, religious mill tap si we saw -- militancy we saw in the east in the indian-held kashmir, religious militancy in afghanistan is followed entirely on -- has fallen entirely on pakistan in the center. this is how religious militancy was introduced. we are not the perpetrators. the situation in pakistan was perfectly normal until 1979, but things started getting disturbed after that for the reasons that i've told. pakistan, therefore, ladies and gentlemen, faces four menaces, i would say. number one is the menace of al-qaeda who are there in our mountains. but i think over time the
and they swept across afghanistan controlling 90% of afghanistan. this fighting eruption -- taliban, al-qaeda -- saw four million refugees into pakistan. the introduction of a gun, kalashnikov, and drug culture. finally in 9/11, the terrible, disastrous terrorist attack on the world trade center and the u.s. military offense e in afghanistan -- offensive in afghanistan, all al-qaeda and taliban ran into the mountains and be cities of pakistan. therefore, ladies and gentlemen, religious mill tap...
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Jul 27, 2011
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forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including cutting unnecessary spending on agricultural subsidies and auctioning off electromagnetic spectrum that the government currently holds. finally, by cutting the government by over $2 trillion, we'll have to borrow less money than anticipated and that will save an additional $400 million -- sorry, $400 billion in projected interest costs. in total, the senate democratic plan on which we will vote would cut the deficits by $2.7 trillion over the next ten years. while senator reid's proposal would not address the tax gimmicks and loopholes throughout our tax code that he
forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including...
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Jul 14, 2011
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let's start with afghanistan and iraq. we're spending $168 billion in iraq and afghanistan this year alone. $168 billion. this year, fiscal year 2011, we're spending more than $13 billion to train the iraqi and afghan security forces. $13 billion. okay. what did we spend here in america to retrain our workers so they can get new jobs? less than $10 billion. we're spending more money to train afghan and iraqi forces, security forces than we're spending to retrain our own workers all over america. 24 million americans unemployed or underemployed and yet we're spending $168 billion this year on afghanistan and iraq. again, i applaud the president for the actions he's taken, but quite frankly, mr. president, they don't go far enough. the president should have a faster timetable for our troops to get out of afghanistan. i've said is that publicly many times. if you really want to save some money, save that $1 million that it costs to keep one soldier in afghanistan and get them back here. we went to afghanistan to get the talib
let's start with afghanistan and iraq. we're spending $168 billion in iraq and afghanistan this year alone. $168 billion. this year, fiscal year 2011, we're spending more than $13 billion to train the iraqi and afghan security forces. $13 billion. okay. what did we spend here in america to retrain our workers so they can get new jobs? less than $10 billion. we're spending more money to train afghan and iraqi forces, security forces than we're spending to retrain our own workers all over...
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Jul 12, 2011
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. -- in iraq or afghanistan. sergeant first class petrie's story is one of courage and sacrifice and immense love of country. it's a story that began years ago in santa fe with a young plan who struggled in high school but refused to give up and instead buckled down, dug deep, and found the hero within. a hero to the men he saved on that fateful day in afghanistan and a hero to all americans who owe their freedoms to our brave men and women in uniform. it's the story that day in may of 2008 that i'd like to tell you about today. sergeant first class petrie was a member of the 75th ranger religious when he and -- regimen when he and his fellow soldiers were to capture. they were engaged in a fire fight when several in their regimen were pinned down by grenades. petrie had already been wounded by bullet fishings shot through both legs by a hidden enemy. but he didn't a how his wounds to stop him. pinned inside a courtyard with a fellow ranger, he continued the fight calling in support and creating a brief pause in
. -- in iraq or afghanistan. sergeant first class petrie's story is one of courage and sacrifice and immense love of country. it's a story that began years ago in santa fe with a young plan who struggled in high school but refused to give up and instead buckled down, dug deep, and found the hero within. a hero to the men he saved on that fateful day in afghanistan and a hero to all americans who owe their freedoms to our brave men and women in uniform. it's the story that day in may of 2008...
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Jul 5, 2011
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they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a recent headline. "qadhafi threatens to attack european over airstrikes. colonel qadhafi has threat inned to carry out attacks against homes, offices in europe unless nato calls off the airstrikes in libya." he actually means it. hitler meant it. he means it. so we should be talking about the debt. we're not. we should be taking a stand against qadhafi in an effective way. and as you said, senator mccain, we're leading from behind. and i just cannot tell you how upset i am with policies coming from this administration that are sending a signal to our allies that we're not as relia
they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a...
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Jul 20, 2011
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president to sustain our military force io afghanistan. that is literally what we'ren do taught about here in this debate. the american people are turning to come to understand it because when you first ask a person, tht obvious answer is no, are you crazy, senator? by what i want one of them in this country? we need more less stack, notts e more. when you go to the point ofjusto explaining that this is to pay d for things we authority -- that's the authority incurred, it isn't just a wage of war. 65a it is a debt incurred to pay fot medicare. we staaidl a to 65-year-olds acr america, you get medicare that will be there when you need pay. when you go to the hospital and turn your bills, will pay thejor hospital and we borrow money to do it. yield? >> thank you. i just walked in i appreciate w your comments about where weereh had h were. of 10 years ago we had a budget surplus in this country as you , recall. we had a number quarter after quarter of economic growth than we know the coming outcome when you have economic growth obviously the
president to sustain our military force io afghanistan. that is literally what we'ren do taught about here in this debate. the american people are turning to come to understand it because when you first ask a person, tht obvious answer is no, are you crazy, senator? by what i want one of them in this country? we need more less stack, notts e more. when you go to the point ofjusto explaining that this is to pay d for things we authority -- that's the authority incurred, it isn't just a wage of...
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Jul 6, 2011
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first, we waged two wars in iraq and afghanistan, and we didn't pay for them. i think back in my history, and i can remember as a kid that every birthday i would receive a savings bond, u.s. savings bond. and i used to think it was interesting, they would hand me these $25 savings bonds and i knew they cost $18.25 but if i didn't do anything and held on to them, they would be worth $25. grandma and grandpa would give me the $25 savings bond and i knew it cost $18.25. those savings bonds is how we fund wars. americans sack tpaoeuzed -- sacrificed and they bought savings bonds. it was my family tradition. it was the tradition in america. when it came to the two most recent wars -- iraq and afghanistan -- it didn't happen. we borrowed the money from other countries. during that eight-year period of time under president bush, we wage twaod wars and borrowed the money and added it to the national debt. and we did something else. no president in the history of the united states of america ever has cut taxes in the midst of a war. and you know why? because you have yo
first, we waged two wars in iraq and afghanistan, and we didn't pay for them. i think back in my history, and i can remember as a kid that every birthday i would receive a savings bond, u.s. savings bond. and i used to think it was interesting, they would hand me these $25 savings bonds and i knew they cost $18.25 but if i didn't do anything and held on to them, they would be worth $25. grandma and grandpa would give me the $25 savings bond and i knew it cost $18.25. those savings bonds is how...
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Jul 26, 2011
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there are 145,000 troops deployed in iraq and afghanistan who are working long hours every day in the desert heat to protect our freedom. to make sure that we are doing everything we can to root out the terrorists that have attacked america. these men and women all raise their right hand and volunteered to go to defend this nation. the very least that we can do while we are in this kind of budget negotiation, which is making a lot of people nervous -- i have faith that we're going to do the right thing in the end, but it's not clear yet. we're pea a week away. -- we're a week away. so i don't think we should make these people think about whether it's going to happen and if there's going to be delay in a paycheck. so i hope that we'll be automobile to bring this bill up. i can guarantee, if the majority leader will bring up my bill, it will pass. it has 80 cosponsors. the new bill is the same thing except that it just makes the debt payment the priority, which you would hope would not have to be done, but, nevertheless, let's assure that our debtors know that we're going to pay the int
there are 145,000 troops deployed in iraq and afghanistan who are working long hours every day in the desert heat to protect our freedom. to make sure that we are doing everything we can to root out the terrorists that have attacked america. these men and women all raise their right hand and volunteered to go to defend this nation. the very least that we can do while we are in this kind of budget negotiation, which is making a lot of people nervous -- i have faith that we're going to do the...
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Jul 8, 2011
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cam pays in afghanistan -- campaigns in afghanistan wrapping up activities in iraq, and a new openness that the obama administration has pushed forward. and openness was, has been portray inside the space policy -- portrayed about in the space policy that you hear about now. more of a focus on international cooperation and a look at a different blend of space players in our industrial base, not only the companies that focus on the programs of record, but also the emergence of entrepreneurial and commercial space company. to talk about the obama policy, we have two gentlemen today. first, we have jim cullenberger. jim has a lengthy resumÉ, but i will focus on his time focusing on space policy, and that was as chief of staff for the obama white house, chief of staff for the office of science and technology policy. following jim, we have peter marquez. peter served under both the bush and the obama administrations working space policy, and at that time he was the director of space policy at the white house. but first we're going to start with jim. >> well, thank you, david. and it's grea
cam pays in afghanistan -- campaigns in afghanistan wrapping up activities in iraq, and a new openness that the obama administration has pushed forward. and openness was, has been portray inside the space policy -- portrayed about in the space policy that you hear about now. more of a focus on international cooperation and a look at a different blend of space players in our industrial base, not only the companies that focus on the programs of record, but also the emergence of entrepreneurial...
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Jul 18, 2011
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paychecks for troops in afghanistan and iraq and based around the world could stop. f.a.a. towers could shut down. so could the f.b.i. and the c.i.a., border crossings could close, safety inspections of food americans eat and cargo that enters our ports could halt. literally every function of government could cease. social security checks, payments to our veterans. we've heard that before. there would be no discussion of which operations and personnel were essential. all the payments would very likely stop. some have said we could prioritize which bills to pay. even if that wouldn't irreparably damage our nation's reputation and credit in the global economy and the globe at community, which it would, is also a complete fiction. our government won't even be able to cover the bills due on august 3. it will simply run out of money and because we'll be in default and our credit rating trashed, we'll be able to borrow the money not again to keep running, even if we wanted to. that's a picture secretary geithner painted. like i said, it's grim. many of my republican colleagues un
paychecks for troops in afghanistan and iraq and based around the world could stop. f.a.a. towers could shut down. so could the f.b.i. and the c.i.a., border crossings could close, safety inspections of food americans eat and cargo that enters our ports could halt. literally every function of government could cease. social security checks, payments to our veterans. we've heard that before. there would be no discussion of which operations and personnel were essential. all the payments would very...
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Jul 22, 2011
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the current inventory is getting old and worn down from iraq and afghanistan. some equipment can be refurbished with life extension programs, but there is no getting around the fact that others must be replaced. when it comes to our military modernization accounts, he said the proverbial low-lying or low-hanging fruit, those weapons and other programs considered most questionable have not only been plucked, they have been stomped on and crushed. what remains are much-needed capabilities relating to our air superiority, our mobility, long-range strike, nuclear deterrents, maritime access, space and cyberwarfare, ground forces, intelligence, surveillance and reconnaissance that our nation's civilian and military leadership deemed absolutely critical. and he gave examples of a new tanker. he noted the ones we have are twice as old as many of the pilots who are flying them. a new generation strike fighter, the f-35. he said we have got to build more ships. the size of the navy has sunk to the lowest number since prior to world war ii. the army and marines, doing th
the current inventory is getting old and worn down from iraq and afghanistan. some equipment can be refurbished with life extension programs, but there is no getting around the fact that others must be replaced. when it comes to our military modernization accounts, he said the proverbial low-lying or low-hanging fruit, those weapons and other programs considered most questionable have not only been plucked, they have been stomped on and crushed. what remains are much-needed capabilities...
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Jul 11, 2011
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several agencies are responsible for training and equipping police in afghanistan, iraq, pakistan and dozens of other countries. among the participants at this upcoming event are a former commanding general who was involved in the transitional security command in iraq and the author of a new book released by the u.s. agency for international development as a guide for civilian police training. hosted by the u.s. institute of peace, this event runs about two hour hours. >> good morning, everyone. thank you very much for coming. my name is bob perito, i'm the director of the center for security sector governance here at the united states institute of peace. i'd like to welcome everyone. and i'd like to welcome c-span who are responsible for the robot cameras all around us. we have -- we've had over 250 rsvp's for this event. the size of the turnout on a friday morning on july i think speaks to the importance of the topic and to the extent of interest on this topic in washington. as many of you in this audience knows, the u.s. has been involved in training u.s. police forces since u.s. m
several agencies are responsible for training and equipping police in afghanistan, iraq, pakistan and dozens of other countries. among the participants at this upcoming event are a former commanding general who was involved in the transitional security command in iraq and the author of a new book released by the u.s. agency for international development as a guide for civilian police training. hosted by the u.s. institute of peace, this event runs about two hour hours. >> good morning,...
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Jul 21, 2011
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new zealand is a country that is in enormous partnership with us at this time, assisting in afghanistan, engaged in transpacific trade deliberations with us, and in many, many other ways contributing to one of the strongest and best partnerships we have on a global basis. therefore, i would ask unanimous consent that the senate stand in recess subject to the call of the chair so that colleagues might welcome the prime minister to the floor of the united states senate. the presiding officer: is there objection? without objection, the senate stands in recess subject to t twitter.com c-span wj is how you can reach us. one of the headlines this morning. the deficit cutting plan too much too late. talks between various members. the government reporter can we first go on to the gang of 6 proposals? if from bloo bloomberg news. is that what they are thinking on capitol hill today? >> yes. the gang of six came out with their proposal. it's fairly sweeping. i think there's a sense more among -- there's a sense among some lawmakers that they are trying to sign on to this. there was a letter that
new zealand is a country that is in enormous partnership with us at this time, assisting in afghanistan, engaged in transpacific trade deliberations with us, and in many, many other ways contributing to one of the strongest and best partnerships we have on a global basis. therefore, i would ask unanimous consent that the senate stand in recess subject to the call of the chair so that colleagues might welcome the prime minister to the floor of the united states senate. the presiding officer: is...
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Jul 26, 2011
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the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so ma
the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't...
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Jul 19, 2011
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forces afghanistan. the president expressed his full confidence in general allen as he begins this important assignment and that he said he looks forward to working closely with him. and with that i will take your questions. >> i want to follow-up on something the president said. he claimed to call speaker boehner and the other leaders after the house vote to resume meetings here, is that right? should we respect resumption a daily meeting? >> no, i think the president will call speaker boehner, based on what he said. he will call the leaders and arrange for a time for a meeting to happen here at the white house. is not a series of meetings budget sometime in the next few days. >> he also made note at the end there that is in progress or agreement with the concept of six or seven senators, how is the white house expects what this again is think to have an impact on the house republican? >> the news from the gang of six/seven italy a significant because it dramatized and reinforces the fact that the only
forces afghanistan. the president expressed his full confidence in general allen as he begins this important assignment and that he said he looks forward to working closely with him. and with that i will take your questions. >> i want to follow-up on something the president said. he claimed to call speaker boehner and the other leaders after the house vote to resume meetings here, is that right? should we respect resumption a daily meeting? >> no, i think the president will call...
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Jul 21, 2011
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over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total amount of money spent since president obama took office is $8.5 trillion. by the end of his first three years in office, we will have added $5 interest to our gross federal deficit. these are stunning numbers. bush had a widely criticized $450 billion deficit. since president obama has been in ofsz the deficits -- in office the deficit looks like it will be $1.5 trillion. we are borrowing too close to half of what we're spending every single day. in the last few years, discretionary spending, non-defense discretionary spending in the last two years increased 24%. 12% a year on average
over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total...
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Jul 27, 2011
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soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along steadily earlier this year, we had seen 12, 13, 14, 15 months of job growth in manufacturing, not enough job growth but some, that's even slowing down. steps taken through the auto rescue and other things we did in the last couple of years dealing with this terrible, terrible recession created in 2007 and 2008 the auto rescue saved millions -- auto rescue and other efforts saved millions of americans from joining the unemployment rolls and we're seeing a better auto industry, an auto industry coming back, especially in places like defiance and toledo and northwood and cleveland and lordstown, ohio. bit
soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along...
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Jul 22, 2011
07/11
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awareness of other aspect of the media and those who acknowledge currently we have soldiers fighting in afghanistan and people don't seem to forget that. i would not say any prime minister is not fighting for the right people. continues to fight for the right people. >> how would any of those prime ministers ask as editor or chief executive how often or would they ever ask you not to publish a story? would they ask you to spike a story? would that happen? >> i can't remember an occasion of prime minister asked that. >> politicians generally do that? >> no. i can remember many occasions when a cabinet minister or politician or prime minister was very unhappy with stories we were running and -- not that they would ask us not to. >> if they had you would have been interested anyway? >> if the story was true and accurate, no reason for a prime minister -- that is why we have a free press. >> final question. still a feeling that in some way you had a close relationship with the prime minister. the allegation seems to be is no different -- the benefit of what people need to see. you have a close relation
awareness of other aspect of the media and those who acknowledge currently we have soldiers fighting in afghanistan and people don't seem to forget that. i would not say any prime minister is not fighting for the right people. continues to fight for the right people. >> how would any of those prime ministers ask as editor or chief executive how often or would they ever ask you not to publish a story? would they ask you to spike a story? would that happen? >> i can't remember an...
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Jul 15, 2011
07/11
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the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a more faster, more robust recovery with a greater job growth? >> well, as i said in my, in my testimony, we, given that there's a lot of uncertainty how the economy will evolve, we have to keep all options, both for tightening and for easing on the table. we're doing that. but, again, we are already providing an exceptional amount of accommodation and, as you know, recovery is still pretty slow. >> now i want to turn to the question of the debt ceiling. i know you discussed that quite a bit. i find it interesting under president bush's years, he raised the debt ceiling to the tune of about $5.4 trillion, d
the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a...
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Jul 13, 2011
07/11
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they are a great partner of ours in afghanistan and in other trouble spots across the globe. that's personally important to me because 100 years ago this year my grandfather immigrated from crow shay to this country, john begich. then it was spelled p-e-c-g-i-c. he left his farmer and eventually settled in northern minnesota in the iron range. he and his young bride anna had four children, their youngest nikolas, made his way to america's new frontier, alaska, even before we were a staivment he was my father. nick was an educator and eventually was elected alaska's lone member of the united states house of representatives in 1970. i'm honored to follow in his footsteps as a member of the senate, where i'm the only member of croatian dissent. my recent visit was my first to croatia. i was honored to represent the body at the summit along with officials from the state department and u.s. embassy. i was impressed by the great progress under way there as well as the excellent job being performed by our embassy personnel. there are enormous opportunities for partnership between th
they are a great partner of ours in afghanistan and in other trouble spots across the globe. that's personally important to me because 100 years ago this year my grandfather immigrated from crow shay to this country, john begich. then it was spelled p-e-c-g-i-c. he left his farmer and eventually settled in northern minnesota in the iron range. he and his young bride anna had four children, their youngest nikolas, made his way to america's new frontier, alaska, even before we were a staivment he...
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Jul 29, 2011
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afghanistan is not settled, mr. president, and we have to have a certain level of stability on the ground in afghanistan or we will have wasted the billions that we have already spent and the lives of our military personnel in afghanistan because it will go back to the way it was before, a center for terrorism that will come to our country or can come to our country. it did once already and we have been over there to try to wipe out al qaeda and the taliban, which has been in league with al qaeda. we have been over there losing american lives and spending american taxpayer dollars to protect our country from another 9/11. to say that we're going to cut $1 trillion in the future over the next ten years when we aren't placing the emphasis on what are the conditions on the ground is not sound policy and it's certainly not sound national security policy. so that's illusory. and then the other parts of the cuts that i think are very hard to decipher are cutting waste, fraud and abuse, which we all want to do, but we don'
afghanistan is not settled, mr. president, and we have to have a certain level of stability on the ground in afghanistan or we will have wasted the billions that we have already spent and the lives of our military personnel in afghanistan because it will go back to the way it was before, a center for terrorism that will come to our country or can come to our country. it did once already and we have been over there to try to wipe out al qaeda and the taliban, which has been in league with al...